We are back with bunch of good information regarding ETC.
As you already have heard Coinbase (digital currency exchange and wallet headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide)...
Here we have ETC/BTC 4H chart.
We see many points on that chart, But I'll short my words to points:
1- We have cypher bearish pattern to short the price to its 0.618 Fibonacci.
2-A small bear channel could be broken with bull move at point number (1) non broken channel means
3-Means that we will break point number (2) and heading to cypher Fibonacci...
Taking a look at the Ethereum Classic vs the Bitcoin markets to get an idea of what we are up against.
As we can see ETC is clearly in a bearish trend vs Bitcoin on the shorter time period and we are testing the 200 ma on the 1hr chart.
There is some bullish pressure as we can see from the RSI, but there is also a good amount of sellers in the market as prices...
ETC always been the darkhorse to ethereum, but its still a very strong coin.
i believe we've gone through the 1st 4 waves of etc with a final 5th one coming very soon.
in the short term with btc looking shaky, especially with futures markets less than hours away etc may drop more, but overall, with a bit of patience, ETC will climb and continue climbing.
Chart data shows Ethereum Classic is likely to continue its very big decline against Bitcoin (BTC) in the short term, aiming for the trend line on the chart. This will reflect heavily in the ETCUSD pair, especially if we see BTC continue its correction against the USD. I will revisit this pair once we break the heavy resistance line or reach the bottom trend line....